Deepak Parekh

MUMBAI: Siemens has appointed Deepak Parekh as its chairman, in place of F A Mehta, who retired after 16 years with the company. However, Mehta would continue as a non-executive director of the company, Siemens said in a release here. The decision was take at the company's board meeting on Saturday, it said. Parekh, who is an executive chairman of HDFC, is a non-executive chairman of HDFC Chubb General Insurance, HDFC Standard Life Insurance...

In a chat with Times Now, Lord Meghnad Desai , Economist, shares his expectations from the Budget 2015 . Excerpts: Times Now: You say you belong to the Deepak Parekh school of thought. You also agreed with Omkar Goswami when he said that India is the hot destination and money is coming in. Aren't these two contradictory statements? Lord Meghnad Desai: The Sensex is the only place which is doing well. But it is basically...

There is not a day in my office that is not chaotic. Yet each day, the chaos is seamlessly cleared to make things look orderly. For over 25 years, I have relied on Rosy, Vishwanath and Louiza. Together, they can give any event manager a run for his money. They know flight schedules like the back of their hands. They are always courteous and know more about customer service than many frontline personnel. But what keeps surprising me is their resourcefulness and ingenuity.

MUMBAI: Pitching for disinvestment in public sector behemoths like LIC, Air India and BSNL, top industry leader Deepak Parekh has said it can unlock huge funds worth "lakhs of crores of rupees" and shares should be given to retail investors without depending on the overseas entities. However, one of the major requirements for such large- scale disinvestments is a government thinking on those lines, as lack of political will and union pressure have been...

In a chat with Times Now, Dr. Omkar Goswami , Chairperson, CERG Advisory Private Ltd, talks about his expectations from Budget 2015 . Excerpts: Times Now: Talking of the coming budget, what do you think the big picture is going to be like? Dr. Omkar Goswami: The way I see it, the big picture is that India is now poised for growth more than ever before. The foremost factor is external. Oil prices — and commodity prices...

MUMBAI: Pitching for disinvestment in public sector behemoths like LIC, Air India and BSNL, top industry leader Deepak Parekh has said it can unlock huge funds worth "lakhs of crores of rupees" and shares should be given to retail investors without depending on the overseas entities. However, one of the major requirements for such large- scale disinvestments is a government thinking on those lines, as lack of political will and union pressure...

NEW DELHI: HDFC chairman Deepak Parekh has trashed all reports suggesting that he would take over as the country's finance minister in Narendra Modi's Cabinet, saying there is no truth whatsoever. "There is not an iota of truth. Don't believe in rumours. There is no truth whatsoever," Parekh said. The technocrat, however, hinted that he was ready to take up any job that would be assigned to him by the new government at the Centre. "I will always do whatever the government...

MUMBAI: In the wake of a new list revealing names of nearly 1,200 Indian account holders in Swiss banks, eminent banker Deepak Parekh today said the government should distinguish between legitimate and illicit funds before taking any action. "There may be some fraudulent transactions and Finance Minister Arun Jaitley has said that the government is investigating. We are going to get some penalty and taxes from them. "They have to be proved first,...

MUMBAI: HDFC Chairman Deepak Parekh is the recipient of this year's 'lifetime achievement award' instituted by Ernst & Young, for "exceptional contribution in developing India's financial services sector", the firm said. Ernst & Young also announced names of 14 'most visionary business leaders', selected as the finalists for its Entrepreneur Of The Year (EOY) - India 2011 award from among over 340 self-nominations, it said in a release today. ...

NEW DELHI: The government today nominated industry leader Deepak Parekh to Competition Commission's Eminent Persons Advisory Group, which advises the anti-trust regulator on good global practices and other issues. Along with financial services major HDFC chairman Parekh, eminent authors Gurcharan Das and Rama Bijapurkar have also been nominated as members of the EPAG of the Commission. Announcing the changes to the panel, set up earlier this year, the Ministry of...

MUMBAI: HDFC chairman Deepak Parekh said banks and housing finance companies (HFCs) should be allowed to fund land acquisitions, saying it will not only help meet project timelines but also reduce costs for home buyers. "Understandably, if regulators feel there is excessive speculation in real estate, it is prudent to prohibit banks and HFCs from lending for land transactions," Parekh said. "However, when there is no real estate bubble, as is currently the case, then...

NEW DELHI: Seeking Opposition's cooperation in passing key reform bills, Union Minister Nirmala Sitharaman today said the government is also willing to hear out the industry and hoped they will start saying "a lot of things are happening on the ground". The comments assume significance as they follow criticism by eminent banker Deepak Parekh that impatience has begun creeping in among businessmen as nothing has changed on ground in the first nine months...

MUMBAI: Pitching for relaxing "administrative controls" to improve ease of doing business, top industry leader Deepak Parekh has said impatience has begun creeping in among businessmen as nothing has changed on ground in first nine months of the Narendra Modi government. He said the industry is still optimistic about the changes it expects from the Modi government, but optimism is not translating into revenues and there has been...

NEW DELHI: Virtually rebutting criticism by leading banker Deepak Parekh, Finance Minister Arun Jaitley today said the government is being criticised for rather being "too fast". While Jaitley parried a question on Parekh's criticism yesterday that impatience has begun creeping in among businessmen as nothing has changed on ground in the first nine months of the Narendra Modi government, Commerce Minister Nirmala Sitharaman said: "I think the Finance Minister has spoken in a...

NEW DELHI: Congress today latched on to industry leader Deepak Parekh's remarks lamenting no change on ground on ease of doing business to ask the Prime Minister whether it is not policy paralysis, returning the barb directed at the previous UPA government. "Despite best decadal growth as legacy in 9 months Corporate Cheerleaders of govt are venting & blowing Is this not Policy Paralysis Mr PM?", party leader Manish Tewari said on micro-blogging site...

MUMBAI: In the wake of a new list revealing names of nearly 1,200 Indian account holders in Swiss banks, eminent banker Deepak Parekh today said the government should distinguish between legitimate and illicit funds before taking any action. "There may be some fraudulent transactions and Finance Minister Arun Jaitley has said that the government is investigating. We are going to get some penalty and taxes from them. "They have to be proved first,...

MUMBAI: Attributing AAP's landslide victory in Delhi to 'vote for a change', eminent banker Deepak Parekh today said the Narendra Modi government at the Centre needs to work for more investments at the ground level. "It is a change for which the people of Delhi has voted. Arvind Kejriwal has assured good and clean governance. BJP had also promised that ... that is the reason they had a landslide victory," Parekh said. "I think what has impacted Delhi elections is that in...

MUMBAI: Deepak Parekh, whose name has been synonymous with India's largest mortgage company, HDFC, will cease to be the chief executive of the corporation from December-end. The company on Friday formally announced the succession of Renu Sud Karnad as managing director for a five-year period from January 1, 2010. ( Watch ) Although Mr Parekh would continue to be chairman, he has indicated that he would be spending lesser time in office in the day-to-day...

MUMBAI: Pitching for greater efforts by the government to weed out corruption, industry leader Deepak Parekh today said shell companies are being used for paying bribes and 'speed money' remains a challenge for corporates. "Speed money facilitates routine transactions and services, except they get delivered faster. So rampant is this practice that many chiefs have called for a legalisation of 'facilitation payments'. I don't agree with this. It still remains a bribe,"...

MUMBAI: Attributing AAP's landslide victory in Delhi to 'vote for a change', eminent banker Deepak Parekh today said the Narendra Modi government at the Centre needs to work for more investments at the ground level. "It is a change for which the people of Delhi has voted. Arvind Kejriwal has assured good and clean governance. BJP had also promised that ... that is the reason they had a landslide victory," Parekh said. "I think what has impacted Delhi elections is that in...